Vine Street Archive Foundation

Analysis

Vine Street Archive Foundation is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Vine Street Archive Foundation reported income of $10.6m and spending of $11.0m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.1m to $10.6m (+50%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Vine Street Archive Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Grand Teton National Park Foundation ($10.6m), Whatcom Community Foundation ($10.7m) and Global Impact Investing Network Inc ($10.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $872k (7.9% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $39.8m against liabilities of $39.1m, net assets of $757k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.